9 comments

  • megamike an hour ago

    question: When does all this hit the fan? Been reading for months that gas will rise to astronomical prices. When? answer: it depends heavily on China. If China were to jump into the global oil market with both feet, prices would shoot upwards. To date they have largely stayed on the sidelines.They have huge amounts of oil in storage. Their behavior so far has been the big surprise. They have been providing a pressure relief valve for the entire globe.

      cyanydeez 23 minutes ago

      when the rich people stop talking to their LLMs and realize their hand servants have access to guns.

  • relug 2 hours ago

    interesting why usa wants to keep escalating, muat be some strat behind it maybe to induce strategical global recession or try and slow down china or something else

      thraway3837 12 minutes ago

      Military–industrial complex and Israel.

      The Iraq war lasted nearly a decade. Afghanistan 2 decades. And the US accomplished nothing. They made things worse, I don't need to go into details because that is an easy lookup.

      That's ultimately the purpose of this war. Israel wants us to fight Iran because "Iran was close to making a nuke", which is an excuse they have been using for nearly 30 years.

      Have you seen how much money AIPAC has in US politicians' pockets? Nearly every other office in congress has an Israel flag on their door. Poured $36M (Million) into Haley Stevens. A complete nincompoop and incompetent person, but she would have further supported Israel's agenda.

      The US is a destructive war machine beast that needs to be constantly fed. Unfortunately, we are going to see tons of US armed forces personnel and Iranians die in a needless, wasteful, illegal war.

      MrDrone an hour ago

      I think it's giving more credit than is due to assume there's a strategy. At this stage, it seems pretty clear that a number of people are using insider knowledge of these negotiations to enrich themselves. To me this is representative of a broader pattern of looting American institutions pervasive in this administration.

      > https://liccardo.house.gov/media/in-the-news/house-dem-sam-l...

      At the same time, we've purged our military leadership of anyone who said "no" to Trump's plans of antagonizing Iran. A conflict many military thinkers consider un-winnable.

      > https://www.duckworth.senate.gov/news/in-the-news/why-trumps...

      Iran, having spent decades preparing for this type of situation, has the clear advantage and is pressing it hard. Shy of boots on the ground (itself an incredibly bloody and possibly futile avenue) there doesn't seem to be anyway to overcome their hold on the Strait.

      > https://studies.aljazeera.net/en/analyses/war-no-one-can-win...

      There is no secret strategy. The country is led by inept people who believe might makes right, and take every opportunity to enrich themselves. People are bending over backwards to make meaning of this blatant corruption and it is one way we're enabling the destruction of America.

      toomuchtodo an hour ago

      The only way for the US to win is to concede and acquiesce control of the Strait to Iran, but the administration has too much pride and hubris so they’ll keep bullying until stopped.

      It’s not a complex geopolitical game, it’s saving face.

  • mrtesthah 40 minutes ago

    Do it, please. The world can't afford to keep burning oil.

      HDBaseT 37 minutes ago

      We can't afford to not keep burning oil.

        toomuchtodo 17 minutes ago

        We can. It’ll be hard, but sometimes you gotta buck up and do hard things instead of being lazy. We won’t do it unless we’re forced to, business as usual is simply too cozy for decision makers, both politically and in capital markets and multinationals making decisions.

        2-3C means potentially >2-4 billion excess deaths over the next ~50 years from climate change. As long as global oil supply chains are low volatility and low risk, we continue on that path.

        Ukraine has disabled 30-40% of Russia’s refinery capacity almost entirely with drones, for example.

        https://actuaries.org.uk/media/ni4erlna/planetary-solvency.p... (page 32 risk impact matrix)

        https://oilprice.com/Latest-Energy-News/World-News/Ukraines-...